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  • Hong Kong’s InterContinental hotel to lay off 500 employees2020-04-05

    The InterContinental hotel on the Tsim Sha Tsui waterfront in Hong Kong will lay off about 500 employees as it embarks on a two-year renovation project, a labor union has said. Alex Tsui, chairman of the Hong Kong Hotel Employees Union, said the workers would have their last working day on May 1. A small number of th...
  • iClick, Tencent launch travel recommendation management platform2020-04-05

    iClick Interactive Asia Group Limited, an independent online marketing and enterprise data solutions provider in China, announced the launch of a new recommendation management platform for culture and tourism content, jointly developed by iClick and Tencent Culture and Tourism. The new platform leverages Tencent Cultu...
  • Business travel platform Helios secures $42 million for global expansion2020-04-03

    Chinese news outlet 36Kr reported that Helios (or Huilianyi), a business travel and expense management SaaS platform, had received 300 million yuan (USD 42 million) in its C+ round of financing, in which China Renaissance’s New Economy Fund was the lead investor, while existing shareholders Softbank China Capital, Blu...
  • How Chinese in Russia pries the China tourism trade from Russian companies’ hands2020-04-03

    Until a few months ago, roughly half of all foreign tourists in Russia were Chinese. Then, in January, Chinese tour groups vanished from the streets of Moscow and St Petersburg after Russia banned the entry of Chinese citizens following the coronavirus outbreak. The introduction of visa-free entry for Chinese tour gro...
  • Chinese airlines revise international flight schedules after China orders flight cuts2020-04-03

    Chinese airlines have revamped their international flight schedules between late March and the beginning of May after the Civil Aviation Authority of China (CAAC) decided to limit the number of international flights coming in and out of China in an effort to curtail the increasing number of imported COVID-19 cases in C...
  • Booking.com, Expedia and Trip.com drop contract clauses deemed a threat to competition2020-04-02

    Three major online travel agencies have offered to remove clauses in their contracts with accommodation providers that a Hong Kong watchdog investigation found could threaten competition and lead to higher prices for guests. The Competition Commission said that Booking.com, Expedia.com and Trip.com had agreed on favou...
  • Travelers fleeing global pandemic bid for limited flights to China2020-03-29

    Airfares to mainland China soared in the past few weeks when the coronavirus crisis escalated from a regional outbreak into a global pandemic, as desperate travelers rushed for limited seats on the few carriers that were still flying to the country amid a widening circle of global quarantines and travel ban. The avera...
  • Cathay Pacific scraps 96% of flights as virus stops travel2020-03-22

    Cathay Pacific will slash passenger capacity by 96% in April and May as the coronavirus shuts down travel across the world. The airline has already asked staff to take unpaid leave and warned that it faces a substantial loss in the first half of this year, with a HK$2 billion ($257 million) loss in February alone. It ...
  • Upscale hotel group New Century reports a 144.1% jump in EBITDA2020-03-22

    Zhejiang New Century Hotel Management reported that its revenue for 2019 rose 7.2% to RMB1,928.0 million and that its EBITDA climbed 144.1% to RMB741.9 million. Gross profit was RMB565.0 million, up by 20.7%. Net profit was RMB205.0 million, 8.4% more than the previous year. The Chinese hotelier which is invested by ...
  • COVID-19 hits January passenger demand2020-03-08

    The International Air Transport Association (IATA) announced global passenger traffic data for January 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) climbed 2.4% compared to January 2019. This was down from 4.6% year-over-year growth for the prior month and is the lowest monthly incr...